XML 39 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments in Real Estate Ventures (Tables)
6 Months Ended
Jun. 30, 2018
Schedule of Equity Method Investments [Line Items]  
Investments in real estate ventures, Fair Value
The table below shows the movement in our investments in real estate ventures reported at fair value.
(in millions)
2018
2017
Fair value investments as of January 1,
$
242.3

212.7

Investments
11.1

19.2

Distributions
(29.0
)
(18.6
)
Change in fair value
13.6

10.7

Foreign currency translation adjustments, net
0.7

4.0

Fair value investments as of June 30,
$
238.7

228.0

Consolidated Variable Interest Entities [Member]  
Schedule of Equity Method Investments [Line Items]  
Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block]
Summarized financial information for our consolidated VIEs is presented in the following tables.
(in millions)
June 30, 2018
December 31, 2017
Property and equipment, net
$
36.8

15.7

Investment in real estate ventures
13.8

12.6

Other assets (1)
8.8

44.4

Total assets
$
59.4

72.7

Other current liabilities (1)
$
1.1

30.9

Mortgage indebtedness (included in Other liabilities)
26.0

9.2

Total liabilities
27.1

40.1

Members' equity (included in Noncontrolling interest)
32.3

32.6

Total liabilities and members' equity
$
59.4

72.7


(1) Balances as of December 31, 2017, primarily represent investment properties and their corresponding liabilities, classified as held for sale.
Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions)
2018
2017
 
2018
2017
Revenue
$
1.7

1.0

 
$
2.7

2.6

Operating and other expenses
(1.6
)
(0.8
)
 
(2.4
)
(2.0
)
Net gains on sale of investments
0.5


 
2.0


Net income
$
0.6

0.2

 
$
2.3

0.6